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Vault Message Board: Morgan Stanley

Topic Name: MS FA TRAINING PROGRAM
Message Name: That bad at MS?
Date Posted: 02/25/2006
In Reply To: immediately hook up w/ a serious senior broker. Churn the crap out of his book, the only way to make it fresh in this business....its the morgan stanley way. Name has cache but doesn't live up to it. We suck. John mack, james gorman, i don't think so, i smell spinoff. your mba means nothing, its your contacts and prospective clients. You need to have 50million in assets under management to make a decent living...your phone will never ring. payout is embarassing. Quite frankly the business is embarassing make your book portable....you'll learn Go to another firm, it's shitsville right now. Don't believe your sales/branch mngr. the whole business is full of crap. Churn your accounts, one client at a time...when snl makes a skit about you it's time to hit the road...leaving after 7 years to a firm that actually gives a shit about its brokers and clients....how's that for honesty love, phil purcell's apple
Message: How bad is the payout? What did SNL do about it? I've talked to some others that have worked for them and said it was a good company to work for...What do you mean by "churn the crap out of his book"? I realize you have to train, but I want to be able to make my own money, not do someone else's work.

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